Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Senthil Sankarappan who wrote (8049)	3/7/1999 10:24:00 PM
From: Ron Dior	Respond to of 10072

<<Truff, please, i have a lot of respect for you and don't spoil that image by posting comments like $2-3 points in IOM is nothing for a short. For such a smart trader like you, a really lazy buy n hold type like me does not have to tell the % effect and how much more you can short IOM in pure numbers. Besides, you know the risk involved in shorting quality companies like AMAT or DELL. These are the companies which make new year highs all the time. These along with INTC/MSFT/CSCO are the pillars to the NASDAQ and determine the world's technology future too. >> While it is true that you can make more money shorting a lower cost stock because of percentage values you are assuming that people will short IOM @ $5 and make 2 points as it goes to $3( that is unrealistic). In my prior post I was referring to people whom have shorted @ $10, made their money but are holding out for a ABSOLUTE BEST CASE SCENARIO of $2 more dollars per share as opposed to locking in their profits now. This is stupidity when you compare this to 1.) the potential upside(loss) risk because of this stock being near a true bottom. 2.)The 1000's of other stocks that are much better short candidates. So this would prove that the shorts are either on this board because they are foolish investors, or they just have to be right. It think that it is the latter. The biggest problem I have with that is that this is supposed to be about making money, not proving a point at the expense of others. If you are short to make a profit and possibly help others make some cash then more power to you. But if you are short at the risk of your own money and misleading others just because of a pride thing, then you are a stubborn fool. Senthil, I think that Truff got my point and it went over your head. Sorry if I was not clear on my expressions. Ron Dior